Pressure

ARTICLES ABOUT PRESSURE BY DATE - PAGE 5

MIRPUR: With threat of a shocking series defeat looming large, under-pressure India under their beleaguered captain Mahendra Singh Dhoni will be aiming to come out all guns blazing as they meet an upbeat Bangladesh in the second cricket one-dayer here tomorrow. After being comprehensively thrashed by 79 runs in the opening match of the three-match series, India for the first time are staring at the ignominy of series defeat against the proverbial minnows of world cricket in the backdrop of some unwanted controversy that resulted in skipper Dhoni being docked 75 percent of his match fees.

ZURICH: Money held by Indians in Swiss banks fell by over 10 per cent last year to 1.8 billion Swiss franc (about Rs 12,615 crore), amid an enhanced clampdown against the famed secrecy wall of Switzerland's banking system by Indian and other governments. The funds held by Indians with banks in Switzerland fell by CHF 215 million to CHF 1,815 million ($1.98 billion), from 2,030 million Swiss franc, as per the latest data released on Thursday by the country's central banking authority SNB ( Swiss National Bank )

NEW DELHI: Increase in import duties on steel will not alleviate much of the pressure on producers hit by cheap imports of the metal and weak demand, Fitch Ratings today said. The government has increased the basic customs duty on certain long and flat steel products by 2.5 per cent. "Fitch Ratings does not expect the Indian government's increase in customs duties on steel imports to alleviate much of the pressure on Indian steel producers, which have been challenged by cheap imports and weak domestic demand," the rating agency said in a statement.

NEW DELHI: The AAP today stepped up its attack on the Centre and the Rajasthan government and demanded the resignations of External Affairs Minister Sushma Swaraj and Chief Minister Vasundhara Raje in the controversy pertaining to former IPL Commissioner Lalit Modi. The party also rubbished the claims made by Swaraj and senior ministers of the Narendra Modi government who said the help offered to Lalit Modi was on humanitarian grounds and accused the BJP of helping a "deserter" and a law breaker.

NEW DELHI: Sugar prices slipped further by 0.71 per cent to Rs 2,378 per quintal in futures trade today due to speculative selling triggered by higher supplies from mills. Also, reports of higher output this marketing year kept pressure on sugar prices. Sugar for delivery in far-month October traded lower by Rs 17, or 0.71 per cent to Rs 2,378 per quintal with an open interest of 26,040 lots in futures trade. Likewise, the sweetener for delivery in July shed Re 1, or 0.04 per cent to Rs 2,300 per quintal in 56,200 lots.

By Niki Kitsantonis: ATHENS, GREECE: With Greece in the final stretch of negotiations with its creditors, aimed at unlocking rescue loans the country needs to avert an imminent default, Prime Minister Alexis Tsipras faces growing pressure from the ranks of his own party. After weeks of simmering dissent among the more radical elements of his leftist Syriza party, Tsipras on Sunday faced his biggest challenge from within the party since taking office in January. A faction known as the Left Platform proposed that Greece stop paying its creditors if they continue with "blackmailing tactics" and instead seek "an alternative plan" for the debt-racked country.

MUMBAI: Even as the debate over recovery rages on, the state-run banking system, the key element that can expedite recovery, is still at its weakest. The fourth quarter of FY15 saw PSU banks bleeding with bad loans, and the worst may not be over yet. So much so, that both the RBI governor and the finance minister are still cautious about the prospect of recovery. During 2014-15, most state-owned banks have seen a rise in non-performing assets (NPAs), with higher bad loan provisions eating into net profits.

LONDON: One of Britain's senior-most Indian-origin doctors today warned the UK government not to pile more pressure on already over-worked medical staff in the country, saying it would damage quality care. Chaand Nagpaul, chair of the British Medical Association (BMA) General Practice Committee , made his comments in reference to Prime Minister David Cameron's election pledge to ensure general practitioners (GPs) surgeries will be open seven days a week. "The government must halt its surreal obsession for practices to open seven days when there aren't the GPs to even cope with current demands," Nagpaul said at an annual conference of local medical committees.

NEW DELHI: Sugar remained weak and prices fell by another 0.46 per cent to Rs 2,360 per quintal in futures trade today amid higher supplies from mills against subdued demand. Besides, reports of higher output this marketing year kept pressure on the prices. At the National Commodity and Derivatives Exchange , sugar for delivery in July month eased by Rs 11, or 0.46 per cent to Rs 2,360 per quintal with an open interest of 50,950 lots. Also, the sweetener for delivery in May contracts traded marginally lower by Re 1, or 0.04 per cent to Rs 2,270 per quintal in 12,080 lots.

NEW DELHI: RSS does not bring any pressure nor gives any direction to the Modi government in which ministers enjoy absolute freedom to air views in the Cabinet, Union minister Nitin Gadkari said today. He sought to downplay meetings of senior ministers with RSS chief Mohan Bhagwat recently and said the Hindutva founthead does take interest in matters of national security and education. The former BJP President, who is also close to RSS, said there was very little political discussion in the meetings with RSS leaders.